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The Next Level Network Blog

IT Management, Security, Compliance for Regulated Firms

IT Services Checklist for Returning to the Office

Oct 13, 2020 11:00:17 AM / by Liege Payne, Director of Sales & Business Development posted in cyber security, IT Services

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Download the Free Resource on 10 Considerations for a Safe, Secure and Successful Reopening

What does your firm’s new normal look like? Have you started a phased approach to returning to your offices? Are your employees still 100 percent remote or are they working in a hybrid model? Was your firm planning to go back and then decided to delay returning until later this year or sometime in 2021?

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OCIE Issues Risk Alert on COVID-19 Compliance Risks and Considerations for Broker-Dealers and Investment Advisers

Sep 23, 2020 3:02:20 PM / by Eric Benda, CEO posted in Compliance, SEC, cyber security, legislature

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Plus – Landmark New York Case Underscores the Importance of Complying with State Cyber Security Regulations

In August, the Office of Compliance Inspections and Examinations (OCIE) of the U.S. Securities and Exchange Commission (SEC) published an alert that highlighted risk areas related to COVID-19 on SEC-registered investment advisers and broker-dealers.

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The Boomerang Effect: More FinServ Firms in NYC Consider Moving to the Suburbs

Sep 9, 2020 9:49:01 AM / by Liege Payne, Director of Sales & Business Development posted in IT Support, IT Services

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10 Technology Tips for Opening a New Office

During the last decade, several financial services firms left sprawling offices in the suburbs and moved thousands of jobs into New York City. For instance, after opening a 700,000 square foot headquarters in Stamford, Conn. in the 1990s with the world’s largest trading floor, UBS closed it and moved the majority of its dwindling number of traders to offices in Manhattan after the 2008 financial crisis. However, UBS opted to not completely pull out of Connecticut and moved some employees across the street into space owned by rival RBS (now NatWest) after the Scottish firm’s own employee base diminished.

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Should Your Company Outsource IT?

Aug 28, 2020 9:00:00 AM / by Liege Payne, Director of Sales & Business Development posted in DATTO, Managed Services Providers

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Download the Free eBook from Soundshore Technology Group and Datto to Help You Decide What’s Best for Your Firm

Running a private equity, hedge fund, independent broker-dealer or real estate investment trust (REIT) firm is challenging during the best of times. Add to that a pandemic and having to quickly adjust to remote work and determining how to safely move money, protect data and Personally Identifiable Information (PII), effectively communicate with clients, and provide IT support when there is no longer a dedicated on-site resource.

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Research Shows That More Advisors Are Planning to Go Independent

Aug 12, 2020 12:11:23 PM / by Liege Payne, Director of Sales & Business Development posted in cyber security, Disaster Recovery, Business Continuity

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Why Cloud-based Technology Solutions Should Be a Fixture in Your Business

According to a recent article in U.S. News and World Report, a TD Ameritrade survey found that 40 percent of brokers reported being “more likely” now than six months ago to break away and go independent.

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Twitter Hack Demonstrates the Very Real Threat of Social Engineering Attacks

Aug 10, 2020 2:19:47 PM / by Jennifer Valle, Director of Cyber Security and Client Relations posted in Security, cyber security, Password Security, SIM Swap Attack, SIM Swapping

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The Alleged Hackers Revealed to Be Well-Experienced with SIM Swapping

On July 15, several high-profile Twitter accounts – including Jeff Bezos, Barack Obama and Elon Musk – posted suspicious tweets encouraging their followers to donate bitcoin to a specific link. Recognizing the behavior as malicious, Twitter locked down thousands of verified accounts in response.

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Shifting to 100 Percent Remote Work: Announcing a Free Guide to Help Your Firm Protect Data and Increase IT Efficiency

Jul 14, 2020 3:18:32 PM / by Eric Benda, CEO posted in cyber security, remote work

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Download the Free Guide on Enhancing Cyber Security for Remote Employees

More than 100 days ago, the vast majority of private equity, hedge fund, independent broker-dealer and real estate investment trust (REITS) firms sent their employees home to work remotely due to the COVID-19 pandemic. While more states are opening up more phases of returning to office buildings right now, more financial services firms are choosing to delay going back or never going back and moving to a 100-percent remote work model.

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Soundshore Expands Collaboration with Drawbridge Partners to Deliver More Robust Cyber Security Services to Financial Services Firms

Jun 17, 2020 4:54:27 PM / by Liege Payne, Director of Sales & Business Development posted in IT Support, Managed Services Providers

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Continuous Vulnerability Management Can Help Firms Increase Protection for Their Data and Business

Cyber security continues to be one of the most critical needs of financial services firms in 2020 to protect data, business and remote employees. To help firms accomplish this, Soundshore Technology Group is pleased to announce the expansion of our partnership with Drawbridge Partners, a cyber security software and services firm specializing in the needs of hedge fund and private equity managers.

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The SEC Is Regulating Remotely Right Now – Are You Prepared?

Jun 3, 2020 1:04:08 PM / by Eric Benda, CEO posted in SEC, Regulating

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Tips for Identifying Where You Might Have Gaps

The vast majority of employees at financial services firms are working remotely right now due to the COVID-19 pandemic. The US Securities and Exchange Commission (SEC) is no different, and according to the agency, it is fully operational, including its Office of Compliance Inspections and Examinations (OCIE), and is moving forward with conducting examinations off-site via correspondence unless it is absolutely necessary to be on-site. You can access OCIE’s statement on this here.

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The New Normal: Remote Work Is Here to Stay for Many Financial Services Firms

Jun 1, 2020 6:12:04 PM / by Liege Payne, Director of Sales & Business Development posted in Compliance, cyber security, remote work

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Five Tips to Prepare for More Home-based Employees & Reopening Your Offices

According to a recent CNBC story, remote tools are continuing to explode and experts say that even when the coronavirus is in the rearview mirror, many of us will still be working from home. The majority of companies in financial services, technology and insurance have been functioning with a remote staff and have adopted technologies that enable collaboration from a distance like Zoom, Slack and Microsoft Teams. They have already made the necessary investments and they know they can save on office and real estate costs.

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